The Global Polyacrylamide market is estimated at $4.5 billion in 2015 and is expected to reach $8.1 billion by 2022 growing at a CAGR of 8.7% from 2015 to 2022. Rising environmental issues for waste water handling, increase in demand for coagulants and flocculants and growing shale gas production are the factors driving the market growth in the upcoming years. Some of the polyamides may cause health hazards which led the Government of some countries to impose strict regulations regarding their use, which is a restraining factor for the growth of polyacrylamide market. Improvement of bio-based acrylamide at reasonable prices is a key opportunity for the companies in market.

Water treatment segment dominated the market, accounting for more than 25% of the overall revenue in 2015. Instant demand for portable water in emerging economies including India is expected to augment industry expansion. Asia Pacific accounted more than 65% of the global market share, making it the largest market in 2015, and will witness significant growth owing to water treatment, oil & gas production, and mining primarily in China, India and Japan. Increasing population with developments in the infrastructure has resulted in an increasing demand for water, which will fuel growth of the market. Increasing release of impure water from different industries to which polymers are used for the treatment of water is expected to boost demand for polyacrylamide over the projected period.

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.